Question
Upon review of Take a Hikes Statement of Cash Flows, the following was noted: Cash Flows from Operating Activities $5,000 Cash Flows from Investing Activities
Upon review of Take a Hikes Statement of Cash Flows, the following was noted:
Cash Flows from Operating Activities | $5,000 |
Cash Flows from Investing Activities | $15,000 |
Cash Flows from Financing Activities | ($19,000) |
From this information, the most likely explanation is that Take a Hike is
A.
using cash from operations to purchase long-term assets and pay dividends.
B.
issuing stock to fund operations and purchase long-term assets.
C.
assuming long term-debt to fund operations and purchase long-term assets.
D.
using cash from operations and issuing common stock to purchase long-term assets.
E.
using cash from operations and selling long-term assets to pay back long-term debt.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started